Upland Resources (LON:UPL) Shares Up 12.6% – Time to Buy?

Upland Resources Limited (LON:UPL) shares were up 12.6% during mid-day trading on Wednesday . The company traded as high as GBX 3.20 and last traded at GBX 3.18. Approximately 10,187,142 shares were traded during trading, an increase of 34% from the average daily volume of 7,612,682 shares. The stock had previously closed at GBX 2.83.

Upland Resources Price Performance

The firm has a market cap of £50.40 million, a P/E ratio of 7.94 and a beta of 2.16. The firm’s 50-day moving average price is GBX 3.10 and its 200 day moving average price is GBX 2.65.

Insider Buying and Selling

In other news, insider Aimi Nasharuddin purchased 1,742,857 shares of Upland Resources stock in a transaction dated Wednesday, February 18th. The stock was bought at an average price of GBX 4 per share, with a total value of £69,714.28. Also, insider Andrew Hurst purchased 1,742,857 shares of the stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of GBX 4 per share, with a total value of £69,714.28. In the last ninety days, insiders have purchased 19,607,142 shares of company stock valued at $78,428,568. 10.81% of the stock is currently owned by insiders.

Upland Resources Company Profile

The Company is focused on opportunities in South-East Asia with an initial emphasis on Sarawak.
Over the last 7 years the Company has developed an opportunity on a block in Northern Sarawak, block SK334.
Upland has an exceptional team and is working with leading oil and gas contractors to effectively, and with the minimum risk, evolve its prospects.